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Articles by Souvick Bhaduri

Paying tax or getting a new PAN soon to be plain sailing

02/15/2017 5:54 PM | Wednesday
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As the country is moving forward towards cashless transactions and digitisation, Central Board of Direct Tax (CBDT) will not lag behing. It may soon introduce Aadhaar based instant PAN issue along with a new app to pay taxes through smartphones.

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Hindustan Motors roars to celebrate deal of Amby with Peugeot

02/13/2017 1:41 PM | Monday
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Kolkata-based veteran car maker, Hindustan Motors is selling India's vintage brand 'Ambassador' to French-based car maker Peugeot for Rs 80 crore. Investors took this news positively to push the shares of the company to as high as Rs 12.9 from its Friday closing level of Rs 11 per share.

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Idea tanks 7.5% due to poor quarterly result

02/13/2017 11:37 AM | Monday
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While the major benchmark indices are struggling to stay above previous day's high, shares of Idea slipped more than 7.5 per cent on Monday morning, reacting to the reported net loss of Rs 383.88 crore for the 9MFY17 against Rs 659.35 crore YoY.

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Small cap index rises to 9-year high; outperforms indices

02/09/2017 4:29 PM | Thursday
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Before we could see the benchmark indices crossing all-time high, S&P BSE small cap index rose to nine-year high during the market hours on Thursday. There are seven companies which closed with a gain of more than 10 per cent on February 9.

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SKF soars on backdrop of equity buy-back

02/09/2017 3:20 PM | Thursday
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While the market is trading flat on Thursday, shares of SKF India has risen about 4.7 per cent to make a high of Rs 1,425 per share as the company announced a proposal for buying back of equity shares of the company.

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HPCL gets nod from Environment Ministry; soars 3.5%

02/07/2017 2:21 PM | Tuesday
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Amid a dull market day on Tuesday morning, the state-owned oil and natural gas company Hindustan Petroleum Corporation (HPCL) spikes up about 3.4 per cent as the company gets a nod from the Environment Ministry for an expansion project of its Mumbai refinery in Maharashtra, which is worth Rs 3,846 crore.

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Buzzing: BHEL outperforms benchmark, ahead of Q3 results

02/07/2017 12:07 PM | Tuesday
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While the bourses are witnessing selling pressure during the first session on Tuesday, the state-run engineering and power manufacturing company Bharat Heavy Electricals Limited (BHEL) spikes up as much as 3.26 per cent to make a high of Rs 148.75 per share in the backdrop of bagging a big order from Surat Municipal Corporation (SMC) for installing solar Photo Voltaic (PV) rooftop systems totalling 3.6 MW.

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ICRA soars on share buy back, ahead of board meet

02/07/2017 11:01 AM | Tuesday
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The well-known credit rating agency, investment information and credit rating agency (ICRA) gained as much as 11 per cent during the first hour of Tuesday morning, as the company's announcement of buying back shares came in. 

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BSE Realty is on a non-stop track, rallies for 4 days

02/06/2017 5:46 PM | Monday
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Following Union Finance Minister Arun Jaitley's budget speech last week, the shares of realty stocks have been moving upward with S&P BSE Realty gaining 8 per cent in last four trading sessions. 

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Rupee soars as week starts on a higher note

02/06/2017 12:32 PM | Monday
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While the bourses have opened on a strong note on the first day of the week, ahead of RBI meet on February 8, the rupee continues its stellar run-up after closing in green on last Friday. The rupee has gained 12 paisa to trade at 67.19 against US dollar, backed by persistent sell off by exporters and banks.

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